Did you know, if you own residential or commercial property you can get a business loan by using that owned property as collateral? Loan Against Property (LAP) is one of the most common types of business loans SMEs in India use to finance major business expenses like funding an expansion or investing in a new…

Is your business eligible for a GST registration? If yes, you should already have a GST registration certificate and a GST Identification Number (GSTIN). The GSTIN replaced the TIN that every business and service provider had before the introduction of GST, and it helps you generate GST compliant tax invoices and file your GST returns. …

Do you know the difference between an SME and an MSME loan?  An MSME loan and an SME loan aren’t very different, but what matters is the government’s classification of Micro and Small-sized enterprises. Based on the category your business falls into, your business could be eligible for government support and different SME loan products…

If you’re thinking about getting an SME loan, it’s always better to check your business loan eligibility before applying. When you directly apply with the lender, they do a hard pull of your bureau report to check your eligibility. If you don’t meet their loan eligibility criteria, your application will get rejected, and your credit…

With Diwali right around the corner, we know you’re probably expecting your sales to rise this month.   One easy way to conduct smooth business transactions in the coming weeks (to receive and make payments) is to use UPI-based digital payment platforms like GooglePay, Paytm, and PhonePe. These UPI payment platforms not only make it easier…

If you’ve ever applied for small business financing, you may have noticed lenders offer each business a different interest rate on their loan. Do you know why? Interest rate calculations for lenders are about the risk they take when they lend to a particular SME. In simple terms, does your business have the capacity to…

Festival season is in full swing across India now, and as a small business, there are a few things you can do to maximize your returns during this time.  Why should timing matter? Because Diwali is an auspicious time for new beginnings, and Indian consumers are more likely to invest in their homes and businesses…

COVID-19 has forced many SMEs to make tough decisions. It’s time you work smart and get the most out of your tax deductions to get through this year. Did you know, if you’re currently repaying a home loan, you are eligible for a deduction on your Income Tax Returns (ITRs)? Ask your home loan lender…

Regular cash inflows and outflows from your business bank accounts indicate to lenders that your business is in a healthy financial state. It lets them know that if they lend you an SME loan, your business will make enough money in a month to cover your daily expenses and your EMI instalments. If you’re considering…

Running your own business is a big responsibility, and the pandemic hasn’t made it easy. But a true entrepreneur would see the opportunities amongst all the challenges and create something innovative, no matter the circumstances!  Many Indian women entrepreneurs have used this opportunity to transform innovative ideas into sustainable revenue-generating businesses, and now you may…